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11-02-2019, 12:20 PM
#301
Yes, going very well!
Perhaps it's worth bearing in mind that the original IPO was an Aussie private equity sell-off - of sorts!
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11-02-2019, 12:27 PM
#302
Originally Posted by percy
On line sales up an incredible 27%.
Online is great....just wait for a sale and $5 postage. In my experience, they just send it from the closest store that has stock.
Great when you don't have a Briscoes in your town.
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11-02-2019, 03:45 PM
#303
Hint / conjecture in this article Rod might leave the stock market altogether
Love the word miracle in the headline
http://www.sharechat.co.nz/article/e...as-miraclehtml
Last edited by winner69; 11-02-2019 at 03:46 PM.
”When investors are euphoric, they are incapable of recognising euphoria itself “
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11-02-2019, 04:24 PM
#304
Yes, it's a routine question for some journalist or other to ask Rod that one! Like a broken watch, it'll probably be right some time.
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12-02-2019, 08:42 AM
#305
Originally Posted by percy
On line sales up an incredible 27%.
Probably over 10% of total sales now
”When investors are euphoric, they are incapable of recognising euphoria itself “
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12-02-2019, 07:01 PM
#306
Originally Posted by winner69
Probably over 10% of total sales now
Would be nice to see an online revenue / %growth breakdown across the Group, could be one doing better than the other. Seems they're late to the online party (not very experienced in this digital stuff) if The Duke is ecstatic about only 10% or so online sales. 27% growth off an insignificant base should be easy, but you'd want to see 100%+ recurring growth if your online strategy was really humming, considering the online marketing reach extends way way beyond physical stores. Anyway, shareholders who are used to being excited about recurring 5%+ growth in what others are now saying is a challenging sector, will be chuffed by hearing 27% growth (5x) from online!
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12-02-2019, 07:37 PM
#307
They have been a client of www.estaronline.com for a good few years.
So in fact they were early to the online party.
And that 27% growth is on a significant base.
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12-02-2019, 09:20 PM
#308
Our natural confirmation bias tends to blind us to anything that might have any risk associated with it. Better I think to acknowledge and discuss it than sweep it under the carpet with some 'she'll be right never mind' comments from vested shareholders, especially recidivist promoters who never even acknowledge risk but purport to have some understanding of it.
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12-02-2019, 10:09 PM
#309
Re online sales
Jan17 they said online sales ~6% group sales and +40% growth. Implies online sales ~$35m
Jan 18 they said online sales up about 30%
Jan 19 they said online sales up 27%
Means online sales grown to ~$60m or 9.5% of group sales
Pretty good ....but growth rate slowing
”When investors are euphoric, they are incapable of recognising euphoria itself “
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12-02-2019, 10:30 PM
#310
Member
Originally Posted by winner69
Re online sales
Jan17 they said online sales ~6% group sales and +40% growth. Implies online sales ~$35m
Jan 18 they said online sales up about 30%
Jan 19 they said online sales up 27%
Means online sales grown to ~$60m or 9.5% of group sales
Pretty good ....but growth rate slowing
nice conclusion via deduction but mr Duke gives it all away in the sharechat link post above
”Online revenues in are now 9.5-10.5 percent of total revenues, Duke said.”
On an unrelated note,
Briscoes still proving (obviously with a few exceptions theres a strong correlation between a companies quality and the amount it gets discussed on this board.
BGP more often than not on very reasonable valuations and continues to deliver great results.
and with their superb R.O.E I will be expecting another increase in the dividend come march 31
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